7 Economic Fundamentals | Inequality Media

Former Labor Secretary Robert Reich explains seven economic fundamentals.

  1. Workers are consumers
  2. Consumer spending = 70% of economic activity
  3. Wealthy spend smaller percent of their income
  4. Concentrated wealth = not enough purchasing power
  5. Sufficient demand requires the middle class and poor
  6. Policies to help working families
  7. Wealthy do better in a growing economy

About the author

JoAnn Chateau

JoAnn Chateau likes progressive politics and loves the canines. She sometimes writes fiction about Chester (the Alpha Bichon) and his friends -- with a dash of humor and dab of Poli-Sci. JoAnn's views and insights are tinted by her past profession in Counseling, Christian theological studies, and Library and Information Science training. Retired now, JoAnn enjoys the creative life.


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